Authorities here have uncovered a major case of the Goods and Services Tax (GST) fraud, allegedly causing a revenue loss to the tune of Rs 7 crore to the exchequer, officials said on Friday.
A local trading firm, M/s Pawan Traders, allegedly declared fake sales worth over Rs. 55 crore to traders in Bihar and Punjab without supplying any goods or arranging their transportation, they said.
Following an investigation, officials said the registration of the firm has been cancelled.
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